Traders Magazine
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BlackRock and Snowflake announced a strategic partnership to deliver a next-generation solution for the investment management industry. BlackRock will launch Aladdin Data Cloud, a solution for investment managers to expand the utility of data, powered by Snowflake’s platform. The Aladdin Data Cloud will be a strategic part of Snowflake’s Data Cloud and a part of the Aladdin platform. The solution allows companies to bring Aladdin and non-Aladdin data together making it easy for users to build on top of it with Aladdin Studio, BlackRock’s platform for developers.
By bringing together Aladdin, a leader in investment management technology, and Snowflake’s Data Cloud, the Aladdin Data Cloud allows its clients to expand the utilization of data across their organization unlocking creativity and increasing operational efficiency. Each Aladdin Data Cloud client receives an independent, centrally-managed data store pre-loaded with rich front-to-back Aladdin data sets which can then be supplemented with proprietary and other third-party data sources, allowing organizations to access and query their business-critical data on a single, cloud-based platform.